Malaysia Property Expo Overseas 2010

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I posted this because MM2H was mentioned.

http://www.indiaprwire.com/pressrelease/real-estate/2010011341313.htm

Malaysian Property Expo 2010 to be held at Chennai International Trade Centre Aimed at positioning Malaysia as an International Property Investment destination

- Just five hours by plane with daily flights by both Malaysian and Indian carriers, Malaysia offers investors a myriad of lifestyles to choose from and an activity for everyone. From the buzzing city life of Kuala Lumpur, to the entertainment world of Genting's set amidst lush greenery and cool temperatures and the pristine blue waters of Langkawi. Investors have a wide selection of quality developments at lower capital values, offering steady rental gains and good capital appreciation. The most important aspect in purchasing Malaysian real estate is the Torrens land law system that allows for transparency and enforceability of ownership. Foreigners also have no impediment to buying freehold Malaysian real estate and to sell it when the need arises without restriction. Under the Malaysia My Second Home (MM2H) program, investors also have the option of making Malaysia their second home.

Chennai, Chennai, January 13, 2010 /India PRwire/ -- Malaysia Property Incorporated (MPI) a government of Malaysia initiative, will be organising a property expo in Chennai featuring "The Best of Malaysian Real Estate" from the 22nd - 24th January 2010. The expo is organised in conjunction with the Confederation of Indian Industry's Partnership Summit 2010. The Malaysian Property Expo 2010 will be showcasing some of Malaysia's award winning developers and their latest projects. Participating firms include IJM Berhad, Glomac Berhad, IOI Properties Berhad, Metro Kajang Holdings Berhad, the Eastern Corridor Economic Regional Development, the Ministry of Tourism, Matrix Concept Holdings Berhad and Zerin Properties. Properties featured include condominiums within walking distance to KLCC, gated and guarded townships just 20 minutes drive from Singapore, , beach front residential projects on the island of Penang which is known for its heritage and good food and also commercial and industrial developments within strategic zones.

The expo is aimed at introducing Malaysia as a viable investment destination to Indians. Unknown to many, Malaysia has one of the largest Indian population outside India (NRI Online.com). With so many cultural similarities, it is no surprise that in 2008, Indian nationals were the 4th largest group of residential property investors in Malaysia after Singapore, United Kingdom and Korea. The locations of choice are Kuala Lumpur, Penang and Johor with a price range of USD150, 000 - USD300, 000.

Seminars will also be conducted over the 3 days at the Expo. Speakers will include the Malaysian Investment and Development Authority (MIDA) on investing and setting up business ventures in Malaysia, Ministry of Tourism (MOT) on Malaysia as a holiday destination and Malaysia My Second Home (MM2H), and Malaysia Property Incorporated (MPI) on investing in Malaysian Real Estate. Do visit us for more comprehensive information of what Malaysia can offer you.

Notes to Editor

About Malaysia Property Incorporated:

MPI was established with the objective of promoting and branding Malaysia as a preferred real estate destination to international investors. The key initiative undertaken by MPI is to create awareness in target countries on the strengths of the Malaysian market. MPI is currently developing several programs that will make the investing process more straight forward and accessible i.e. The Malaysia Property Tour which will be launched in April 2010.

If you have any query regarding information in the press releases, please contact the company listed in the press release itself. Please do not call India PRwire, we will be unable to assist you with your inquiry.

End of News.

BB

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hi,

Thanks BB, that's a very interesting event because only a couple of days ago I was reading a newspaper article stating that the Malaysian government may re-introduce the visa-on-arrival at various Indian cities but not Chennai.

Seems that the visa-on-arrival has been suspended for Indian visitors due to the large number of tourists who arrive in Malaysia and don't leave. The article highlighted that many of the folk are believed to come from Chennai. Maybe other members have more accurate details.

And now . . . "Malaysia Property Incorporated (MPI) a government of Malaysia initiative, will be organising a property expo in Chennai."

Why would anyone think of buying a property in a country where you can't get an automatic visa on arrival?